Every company today is a tech company, a maxim that was proven out today when one of the world’s oldest and biggest art auction houses acquired an AI startup. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of similar objects to the viewer.
You can see some examples of how it works… Read More
from TechCrunch
Some consolidation is underway in the world of crowdfunding and online fundraising: YouCaring — which competes with GoFundMe and others in the area of sourcing fundraising for compassionate and charitable causes — is buying Generosity.com from crowdfunding giant Indiegogo (which originally launched as Indiegogo Life). The latter is using the divestment to further hone its focus… Read More
from TechCrunch
Brainly, the edtech startup founded out of Poland but now with a HQ in New York, has acquired Bask to add video to its peer-to-peer learning platform. Read More
from TechCrunch
Snowflake, the cloud-based data warehouse service, announced an enormous investment round today, pulling in a whopping $263 million on a unicorn valuation of $1.5 billion. The round was led by a trio of big-name Silicon Valley VC firms including existing investors Iconiq Capital and Altimeter Capital and new investor Sequoia Capital. Today’s announcement comes on top of the $100… Read More
from TechCrunch
Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. The investment comes from Makara’s $770 million joint fund with the Intellectual Property Office of Singapore (IPOS), which is focused on finding valuable IP in the tech and startup space. TechCrunch understands that Tryb is talking to a… Read More
from TechCrunch
At roughly 17 years old, DN Capital is one of Europe’s oldest venture capital firms, albeit one that, by its own admission, has retained its scrappy roots and a certain kind of reputation to go with it. The VC hasn’t gone without success either, most recently seeing portfolio company Shazam exit to Apple in a reported $400 million deal, apt timing for the announcement of DN… Read More
from TechCrunch
Tigera, a San Francisco-based startup that helps businesses connect and secure their container-based applications, today announced that it has raised an additional $10 million in a funding round led by Madrona Venture Group, with participation from New England Associates (NEA) and Wing Venture Capital. Madrona managing partner Soma Somasegar will join the company’s board of directors.… Read More
from TechCrunch
Here Technologies, the mapping company valued at around $3 billion that counts a consortium of car makers, Intel and others among its shareholder/owners, today announced a move that underscores its intention to focus on more than just the outdoor navigation business. The company has acquired Micello, a startup that offers a database of indoor maps and provides a platform for businesses to… Read More
from TechCrunch
Front is raising a $66 million Series B round led by Sequoia with DFJ and existing investors also participating. There are now 2,500 companies using Front to manage shared inboxes and collaborate. The startup now wants to go one step further and become the definitive email product. “I decided that I wanted to raise money, I scheduled 11 partner meetings over a single week,”… Read More
from TechCrunch
AWS has purchased Sqrrl, a Cambridge, Massachusetts security startup with roots in the NSA. The company helps analyze a variety of sources to track and understand security threats quickly using machine learning. The announcement appeared on the Sqrrl home page in note from company CEO Mark Terenzoni. “We’re thrilled to share that Sqrrl has been acquired by Amazon. We will be… Read More
from TechCrunch